Share Name Share Symbol Market Type Share ISIN Share Description
NB Distres Red LSE:NBDG London Ordinary Share GG00BH7JH183 RED ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 78.50p 78.00p 79.00p 78.50p 78.50p 78.50p 0 06:30:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

NB Distres Red Share Discussion Threads

Showing 276 to 299 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
20/11/2017
17:54
SP has moved up a little over the last week, both before and after the RNS ;} but the market reaction seems more subdued than I'd have guessed. We've moved from a situation of expecting distributions to start to having it confirmed with a seemingly fairly firm timescale which, assuming distribution at the current NAV, would indicate a not-to-be-sneezed-at yield at the current share price A lot depends of course on whether the NAV turns out to be realistic and there aren't any nasty shocks on asset realisation. The published NAV figure has been in a tight range for quite a while it seems and I'm not sure whether I find that reassuring or suspicious!
redhill9
20/11/2017
17:41
Over on the LemonFool site HiRiskPaul has alerted me to the fact that at the moment NBDX trades at a wider NAV discount than NBDG! 17% v. 14%. The chart of course highlights the post Brexit NBDG on steroids - quoted in £Sterling rather than $. free stock charts from uk.advfn.com
skyship
20/11/2017
15:49
The Board of the Company is pleased to announce an income distribution by way of a dividend of $0.0140 per Ordinary Share, $0.0245 per Extended Life Share and £0.0106 per New Global Share (collectively the "Share Classes") to be payable on 12 January 2018 to shareholders on the register of the Share Classes as at the close of business on 1 December 2017. The dividend timetable is set out below: Ex-dividend date - 30 November 2017 Dividend record date - 1 December 2017 Dividend payment date - 12 January 2018
skyship
16/11/2017
10:20
redhill, Absolutely. I was just pointing out to SKYSHIP that it isn't all debt.
tiltonboy
16/11/2017
09:36
Quite right - good point
skyship
16/11/2017
09:35
tiltonboy, isn't that what we might expect during a period of realisation of debt assets, that some debt converts to equity? The returns from here based on distributing current NAV over the stated period don't look an unappealing risk/reward to me.
redhill9
16/11/2017
09:03
SKYSHIP, A lot of what they own is now equity!
tiltonboy
16/11/2017
07:49
To put matters into context, these GRYs apply from the offer price of 78.5p assuming payouts to 31/12/19: # Payout at par (100p) - GRY = 12.08% # Payout at a pretty disgraceful 95p - GRY = 9.41% If they still manage to reach a premium; which really should be built-in to the terms of most of the loans, then: # Payout at 105p - GRY = 14.69%
skyship
16/11/2017
07:39
Need to read the rest of the detail; but this opening remark is massively encouraging - true guidance - c90% of NAV distributed over the next 2yrs: Manager Commentary On 31 March 2017, the portfolio ended the investment period and entered its harvest period. In the harvest period the Investment Manager works to restructure, reorganise and reposition the assets in order to maximise the intrinsic value. Although the actual time and realisation values are uncertain as of now, based on our current analysis we expect to distribute 50-60% of current Net Asset Value ("NAV") in 2018, 35-40% in 2019, and the remainder in 2020
skyship
05/11/2017
15:07
NAV at 02/11/17 = 94.10p. With the weak £ I would have thought it should have been a little higher - perhaps some valuation weakness in the portfolio. The Quarterly Update might reveal something - should be due this coming week.
skyship
18/10/2017
10:26
NAV at 93.47p
nk104
17/10/2017
19:59
NED - John Edward Hallam - makes an initial holding purchase of 10k @ 77.625p. Not substantial in itself; but a positive nevertheless.
skyship
07/10/2017
17:01
Having reduced a few @ 79p, bought them back @ 77p as the NAV making good progress with the Stronger $ v £. NAV now back up to 94.65p so the discount has dramatically widened to 18.6%. Due to the slow opening progress with realisations (we're now 6months into the Harvest period) and the lamentable lack of news or guidance (for which the Chairman needs a big boot up the backside!), I've put back my notional redemption from 31/03/20 to 30/09/20. On that basis the GRY stats are now as follows: Redemption @ 100p:- GRY = 9.2% Redemption @ 105p:- GRY = 11.0% Redemption @ 110p:- GRY = 12.7%
skyship
29/9/2017
16:15
I've reduced my holding recently by around half. I was fortunate to only find NBDG later than most and bought the majority of my shares in the 70-72p range about a year ago so the current share price not a disaster for me. Still, very disappointing that nothing seems to be happening.
redhill9
29/9/2017
14:11
NBDG again weak market of late. Here we are 6months into the Harvest period and NO NEWS of sales and distributions. At 77p the shares are again at a 16.8% discount to the now 92.6p NAV. All rather depressing...
skyship
06/9/2017
12:24
Sadly not - more NBDD and NBDX being redeemed. NAV of NBDG now 94.98p.
nk104
13/6/2017
06:18
NBDX get a Capital Distribution this morning. Our turn next....and should be soon!
skyship
12/6/2017
21:48
redhill, I also expected it to narrow. I think we need clarification on what they are doing with the excess cash ( I asked the question two weeks ago, but no response), and hopefully see an exit or two at decent levels, and a return of cash.
tiltonboy
12/6/2017
17:33
NAV has been fairly flat for the last 7-8 months in comparison to a declining share price so the discount has widened. Anyone else surprised by this? I thought as the harvest period approached and arrived there would be the perception of more certainty about receiving the NAV and therefore less of a discount.
redhill9
12/6/2017
17:06
NAV as at 9th June = 93.91p
skyship
12/6/2017
12:13
With the weakness in £Sterling perhaps not surprising that these have finally turned. Now 76.3p-77.78p - bid for plenty, offered in just 1k...
skyship
18/5/2017
05:39
Need to factor in currency effect over those years to get a true reflection of their performance.
carcosa
17/5/2017
16:56
Not a total disaster...they will have milked the fees over the seven years!
tiltonboy
17/5/2017
16:49
Sorry, forgot to state the stats behind that last post; and being in a hurry to get back outside gardening before the rain came, I got the stats totally confused. The position is as follows : # The discount to the Mark-to-Market constrained current NAV of 92.8p = 16.5% # At a redemption total of 110p to 31/03/20, the GRY = 12.97% # At a redemption total of a lowly 100p to 31/03/20, the GRY = 9.28% That 100p would be a total disaster for NB Partners management. Start at 100p and 7yrs later finish at 100p - so much for the prospectus claim of great things from the inside track to a wealth of wealth asset managers!
skyship
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